Last updated on July 1, 2024
Visaman Global Sales IPO description – Visaman Global Sales specializes in supplying round pipes, square pipes, rectangle pipes, various specifications of structural steels, BGL coils, GP(GI) coils, HR coils, CR coils, color-coated coils, MS sheets, GP and GC sheets, CR sheets, HR sheets and plates, color-coated sheets, roofing PUF panels, wall PUF panels, and more. Further, the company also provides a credit facility to its existing customers as a value-added service.
Visaman Global Sales provides customization services to tailor its products to meet requirements such as size, length, breadth, and thickness. The company outsources modification and alteration processes to third parties and ensures on-site delivery of the products to customers. It is one of the dealers of APL Apollo Tubes Limited. As of 15 March 2024, the company has employed 41 personnel at its offices and stockyards.
Promoters of Visaman Global Sales – Mr. Mitulkumar Sureshchandra Vasa, Mr. Sureshchandra Gulabchand Vasa, Ms. Avni M. Vasa, Ms. Ilaben Sureshchandra Vasa and Mr. Kular Brijesh N.
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Visaman Global Sales IPO Details
| Visaman Global Sales IPO Dates | 24 – 26 Jun 2024 |
| Visaman Global Sales Issue Price | INR 43 per share |
| Fresh issue | 37,32,000 shares (INR 16.05 crore) |
| Offer For Sale | NIL |
| Total IPO size | 37,32,000 shares (INR 16.05 crore) |
| Minimum bid (lot size) | 3,000 shares (INR 1,29,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Visaman Global Sales Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 |
| Revenue | 136.36 | 324.04 | 376.03 | 206.91 |
| Expenses | 135.79 | 322.80 | 374.46 | 205.68 |
| Net income | 0.33 | 0.95 | 1.13 | 1.02 |
Visaman Global Sales Offer News
- Visaman Global Sales RHP
- Visaman Global Sales Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Visaman Global Sales Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.42 | 1.20 | 1.12 |
| PE ratio | – | – | 38.39 |
| RONW (%) | 5.92 | 14.33 | 11.40 |
| NAV | 7.18 | 8.38 | 9.86 |
| ROCE (%) | 11.62 | 13.24 | 11.43 |
| EBITDA (%) | 1.07 | 0.86 | 1.75 |
| Debt/Equity | 1.26 | 2.10 | 4.37 |
Visaman Global Sales IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 29 June 2024 | 13 | – | 30,000 |
| 28 June 2024 | 13 | – | 30,000 |
| 27 June 2024 | 13 | – | 30,000 |
| 26 June 2024 | 12 | – | 28,000 |
| 25 June 2024 | 12 | – | 28,000 |
| 24 June 2024 | 40 | – | 26,000 |
Visaman Global Sales IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 17,70,000 | 17,70,000 | 35,40,000 |
| 26 Jun 2024 | 28.22 | 51.54 | 39.88 |
| 25 Jun 2024 | 1.72 | 7.93 | 4.82 |
| 24 Jun 2024 | 0.27 | 1.72 | 1.00 |
The market maker reservation portion of 1,92,000 shares is not included in the above calculations.
Visaman Global Sales IPO Allotment Status
Visaman Global Sales IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Visaman Global Sales IPO Dates & Listing Performance
| IPO Opening Date | 24 June 2024 |
| IPO Closing Date | 26 June 2024 |
| Finalization of Basis of Allotment | 27 June 2024 |
| Initiation of refunds | 28 June 2024 |
| Transfer of shares to demat accounts | 28 June 2024 |
| IPO Listing Date | 1 July 2024 |
| Opening Price on NSE SME | INR 45.10 per share (up 4.88%) |
| Closing Price on NSE SME | INR 47.35 per share (up 10.12%) |
Visaman Global Sales Offer Lead Manager
SHRENI SHARES LIMITED
Office No. 217, Hive 67 Icon, Poisar Gymkhana Road,
Lokmanya Tilak Nagar Poisar, Near Raghuleela Mall,
Kandivali West, Mumbai-400067, Maharashtra
Phone: 022 2089 7022
Email:Â [email protected]
Website:Â www.shreni.in
Visaman Global Sales Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Visaman Global IPO Contact Details
VISAMAN GLOBAL SALES LIMITED
C/o., Jain Traders, 8, Sorathiawadi Near Narmada, 80
Feet Road, Rajkot- 360002, Gujarat, India
Phone: +91 90237 30627
E-mail: [email protected]
Website: : visamanglobalsales.com
IPO FAQs
What is the Visaman Global Sales offer size?
Visaman Global Sales offer size is INR 16.05 crores.
What is the Visaman Global Sales offer price band?
Visaman Global Sales’ public offer price is INR 43 per share.
What is the lot size of the Visaman Global Sales IPO?
Visaman Global Sales offers a lot size is 3,000 shares.
What is Visaman Global Sales IPO GMP today?
Visaman Global Sales IPO GMP today is INR 13 per share.
What is the Visaman Global Sales kostak rate today?
Visaman Global Sales kostak rate today is INR NA per application.
What is Visaman Global Sales Subject to the Sauda rate today?
Visaman Global Sales is Subject to the Sauda rate today is INR 30,000 per application.
